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Companies (Amendment) Act, 2017
Introduction and Objective of Companies (Amendment) Act, 2017 The Companies Amendment bill, 2017 was passed by Lok Sabha and Rajya Sabha on 27th July, 2017 and 19th December, 2017 respectively. The Bill received President’s assent on 03rd January, 2018 and becomes the Companies (Amendment) Act, 2017. OBJECTIVE: Simplification of compliances Facilitating ease of...Continue Reading
Types And Payments Of Dividend
Types Of Dividend Payment Of Dividend ( Section 123 and 124) Continue Reading
REMOVAL OF NAMES OF COMPANIES FROM THE REGISTRAR OF COMPANIES
MCA has recently notified Sections 248 to 252 of Companies Act, 2013, w.e.f 26.1.2.2016 and also issued new rules for striking off names of companies referred as Companies (Removal of Names of Companies from the Registrar of Companies) Rules, 2016. The said rules are also effective from 27th December, 2016. INSTANCES FOR STRIKING OFF NAME...Continue Reading
ENHANCED RESPONSIBILITY OF THE AUDITOR
Section 143(11) of the Companies Act, 2013 requires that Auditor report of specified classes of Companies should disclose the compliance on the specified matters. These reporting requirements have been prescribed under Companies (Auditor’s Report) Order, 2016 (CARO, 2016). This is a step in the right direction to improve the quality of the Auditor’s Report...Continue Reading
DIRECTOR’S REPORT: REFLECTING MIRROR IMAGE OF COMPANY
Director’s Report has been an integral part of the financial statement of the Company. With the implementation of Companies Act, 2013, the Director’s Report has become synonymous to disclosing every activity that a Company indulges in thus providing mirror image of the Company’s actions during the financial year. In Companies Act, 2013, lot of sections...Continue Reading
KEY HIGHLIGHTS: “START UP” INDIA
Our Prime Minister, Shri Narendra Modi announced the Startup India Action Plan in India on 16th January 2016. The Scheme is revolutionary scheme which has been started to help the people who wish to start their own Business which qualifies to be a start up. To qualify in the category of start up, an entity...Continue Reading
SEBI LODR REGULATIONS Key Highlights Vol 003
Important Features of Listing Regulations Regulation 6 Company require to appoint Qualified CS, ensuring for compliance with applicable laws, monitoring grievance redressal Regulation 7 Mandatory in house SEBI share transfer facility if number of security holder exceeds 1 lac Regulation 13 Mandatory SCORES registration which is a investor grievance redressal mechanism Regulation 16 Material subsidiary...Continue Reading